HARBOR AVE PROPERTY SALE
Second Reading
1
April 16, 2019
Item No. 6g
Date of Meeting April 16, 2019
3330 Harbor Ave Property Sale
Requesting Commission Authorization to:
• Declare small (11,579 square foot) property surplus
and no longer needed for Port district purposes.
• Remove subject property from the Lower Duwamish
Industrial District.
• Authorize the sale of subject property to West Coast
Self Storage for $699,140.
2
First of Two Readings to Sell Surplus Property
Property Details
• The property is an 11,579 sq. ft. vacant parcel in West
Seattle, on Harbor Avenue
• The Port purchased the property in 1996 for $101,177
from the Salmon Bay Steel Corporation as part of a land
assemblage related to T-5 future development and
current operations.
• West Coast Self-Storage, the buyer, is building
additional self storage adjacent to this property.
The Property is too small to support any current Port projects or priorities
3
Neighborhood Map
4
Authorization of Sale of Port property to West Coast Self Storage
West
Seattle
Harbor
Island
T 5
T 5
Justification
• Staff has attempted to lease property for parking and
other potential development but has not generated any
interest
– Small size lot at two different elevations impacts utility
• Property has not generated any income to the Port
since its purchase
• The parcel is too small and not strategically located to
be of value to current or future Port operations
Limited commercial uses and little nexus to Port priorities
5
Limited Development Potential
11,579 square foot parcel has soil grade issues
6
Site is Isolated from Other Port Properties
Active Rail Spurs Separate the Property from Terminal 5
7
Benefits from Property Sale
• Achieves Port objectives of declaring certain real property surplus
that is no longer needed for Port district purposes.
• Provides revenue from sale of a property that is not usable for Port
purposes.
• Under the purchase and sale agreement, the buyer releases the
Port from claims relating to the environmental condition of the
property.
– Upon closing and transfer of the property, the buyer further agrees to
indemnify the Port for environmental conditions on the property attributable to
conditions which emanate from buyer’s adjacent parcel.
Sale provides revenue to the Port and releases Port from future environmental liability
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